Springleaf Review

By Kevin Mercadante


Springleaf has been in the personal lending business since 1920 and has over 820+ branch locations nationwide. They provide qualified consumers with loans which can be used for debt consolidation purposes. Loans can be used to ease or eliminate more expensive debt, and are offered in monthly payments with no prepayment fees. Getting a debt consolidation loan from Springleaf is quick and easy – you can apply directly online, over the phone or at a local Springleaf branch. After your application has been approved, you can receive your funds as soon as the next business day.

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Springleaf provides an alternative solution to debt consolidation via their personal loan product, which can allow you to pay off your debts without waiting for negotiations with your creditors.

Minimum Debt AmountMaximum Debt AmountFees

*All loans subject to Springleaf’s normal credit policies and may be subject to maximum or minimum size restrictions, which vary by state. Springleaf makes loans above the illustrative amount(s) mentioned in this advertisement, but the maximum loan size depends on your credit history, with larger loans only available to a small number of highly qualified applicants for secured loans

How it Works

First, you will need to apply for a personal loan from Springleaf. You can quickly apply online through a 2-step application process. You can also apply over the phone or at your local branch. After you are approved for the loan, you will be given information on the nearest branch to go in and complete the loan documents and receive your funds. The beauty of Springleaf is that once you have your loan, you can get closer to consolidating your debt into monthly payments.


There is a personal loan calculator on Springleaf’s website to help calculate approximate monthly payments based on the loan amount, APR and loan term. Springleaf also has a blog and a variety of articles that can help you learn more about personal loans and other important financial topics. One of the unique aspects of Springleaf is that your on-time payments will actually help your credit because this company reports all on-time payments to the three major U.S. credit bureaus.


Springleaf abides by all laws and regulations regarding lending and the site is secured by Norton and received an A+ accreditation from the Better Business Bureau.


The fees at Springleaf will vary by applicant, but will be given to you upfront before you sign the loan contract. The good news is that they do not charge any pre-payment fees for paying your loan off sooner.

Quality of Service

Springleaf offers an excellent customer support team of over 3,500 knowledgeable representatives who can help you through the loan process. These representatives are highly trained and can answer all of your questions about the loans and services offered at Springleaf. You can receive live help in a local branch, on the phone, or see their FAQs online.


601 N.W. 2nd St.

Evansville, IN 47708

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  About Kevin Mercadante

 Kevin Mercadante is a freelance professional personal finance blogger,
 and the owner of his own personal finance blog, OutOfYourRut.com. He
 has extensive backgrounds in both accounting and the mortgage industry.
 Follow Kevin on Google+.


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